Eurobank Ergasias Services and Holdings GM of Group Finance & Group CFO Charalambos Harris Kokologiannis Sells 54% Of Holding

Some Eurobank Ergasias Services and Holdings S.A. (ATH:EUROB) shareholders may be a little concerned to see that the GM of Group Finance & Group CFO, Charalambos Harris Kokologiannis, recently sold a substantial €589k worth of stock at a price of €2.05 per share. That diminished their holding by a very significant 54%, which arguably implies a strong desire to reallocate capital.

Check out our latest analysis for Eurobank Ergasias Services and Holdings

The Last 12 Months Of Insider Transactions At Eurobank Ergasias Services and Holdings

Notably, that recent sale by Charalambos Harris Kokologiannis is the biggest insider sale of Eurobank Ergasias Services and Holdings shares that we've seen in the last year. That means that even when the share price was slightly below the current price of €2.08, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. It is worth noting that this sale was 54% of Charalambos Harris Kokologiannis's holding.

Insiders in Eurobank Ergasias Services and Holdings didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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Does Eurobank Ergasias Services and Holdings Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 0.1% of Eurobank Ergasias Services and Holdings shares, worth about €11m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Eurobank Ergasias Services and Holdings Tell Us?

Insiders sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. On the plus side, Eurobank Ergasias Services and Holdings makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Be aware that Eurobank Ergasias Services and Holdings is showing 3 warning signs in our investment analysis, and 1 of those shouldn't be ignored...

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.